Hedge accounting and financial derivative products: A comparative application

The importance of the accounting standardization is increasing day by day. These standardizations must not be ignored while examining the subjects of accounting science. If they are ignored the studies which have done are not supported with needed knowledge.The purpose of this study is to examine the hedge accounting in the context of TMS/TFRS, to examine the financial derivative products and the record of these products in an extensive way, and to provide discrepancy by doing comperative analyze in the consequence of general application. In the first part of the study, the hedge accounting in the context of TMS/TFRS will be presented accompanied with needed literature scanning. In the second part, again in the context of TMS/TFRS the financial derivative products and record of these products will be handled by means of generally accepted accounting principles. In the final part, the comperative analyze of the financial derivative products will take place.In conclusion, the relative priorities of handled financial derivative products will be expressed by means of a general evaluation.Keywords: TMS, TFRS, hedge accounting, financial derivative products.